Provision of Financial Services by Members of the Professions

Part of Orders of the Day — Financial Services and Markets Bill – in the House of Commons at 7:30 pm on 1 February 2000.

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Photo of Miss Melanie Johnson Miss Melanie Johnson Economic Secretary, HM Treasury 7:30, 1 February 2000

I am happy to reflect further on those points. We certainly want a proportioned measure. One of the strengths of our approach is that our proposals offer a proportionate response that builds on existing mechanisms to ensure that they are used to protect the consumer and that we regulate in an appropriate, but proportionate, manner. I commend the new Clause to the House.

Question put and agreed to.

Clause read a Second time, and added to the Bill.

clause

A parliamentary bill is divided into sections called clauses.

Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.

During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.

When a bill becomes an Act of Parliament, clauses become known as sections.